Chapter 72 — Chapter 72
804 sections in this chapter.
NMSA 1978, § 72-20-96 Purpose of tax exemptions
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The effectuation of the powers authorized in the Eastern Sandoval County Arroyo Flood Control Act shall and will be in all respects for the benefit of the people of the state, including but not necessarily limited to those residing in the authority exercising any power under that…
NMSA 1978, § 72-20-97 Property exempt from general taxes
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The authority shall not be required to pay any general (ad valorem) taxes upon any property appertaining to any project authorized in the Eastern Sandoval County Arroyo Flood Control Act and acquired within the state nor the authority's interest therein. History: Laws 2007, ch. 9…
NMSA 1978, § 72-20-98 Securities and income therefrom exempt
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Securities issued under the Eastern Sandoval County Arroyo Flood Control Act and the income therefrom shall forever be and remain free and exempt from taxation by the state, the authority and any other public body, except transfer, inheritance and estate taxes. History: Laws 2007…
NMSA 1978, § 72-20-99 Freedom from judicial process
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Execution or other judicial process shall not issue against any property of the authority authorized in the Eastern Sandoval County Arroyo Flood Control Act, nor shall any judgment against the authority be a charge or lien upon its property. History: Laws 2007, ch. 99, § 99.